Stock Rating Downgrade
The Value Trend Rating for Ross Stores Inc (NASDAQ: ROST) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 3/8/24, Ross Stores Inc (NASDAQ: ROST) stock declined slightly by -0.2%, closing at $145.74. Moreover, trading volume in this decline was unusually high at 155% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -2.2% during the last week.
Current PriceTarget Research Rating
ROST’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Ross Stores has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Ross Stores has a poor Appreciation Score of 24 but a very high Power Rating of 98, and the High Neutral Value Trend Rating results.
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